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Question

Can I write off of my personal taxes for funding a LLC

Forum|Forum|10 months ago
May 22, 2025
1 reply
0 views

Can I write off money that I gave to a LLC

TurboTax Online

if you are a member, for 2024, you should have gotten a k-1 by 3/15/2025, which would contain what needs to be reported on your tax return. You have an investment like a stock so there is no write off of that unless something happened to the LLC like going out of business. If something else provide some details so we can provide additional or corrected guidance.

That makes perfect sense. Thank you!